Tsuruha Holdings Inc. Reports Consolidated Earnings Results for the First Quarter Ended August 15, 2016; Provides Consolidated Earnings Guidance for the Six Months and Full Year of the Fiscal Year Ending May 15, 2017
September 13, 2016 at 11:00 am EDT
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Tsuruha Holdings Inc. reported consolidated earnings results for the first quarter ended August 15, 2016. For the quarter, on consolidated basis, the company reported net sales of ¥147,280 million against ¥123,154 million a year ago. Operating income was ¥9,724 million against ¥8,610 million a year ago. Ordinary income was ¥10,194 million against ¥8,972 million a year ago. Net income was ¥5,334 million or ¥134.33 per diluted share against ¥5,814 million or ¥121.13 per diluted share a year ago. Net assets per share as of August 15, 2016 were ¥267,803 per share compared to ¥293,541 per share, as of May 15, 2016.
The company provided consolidated earnings guidance for the six months and full year of the fiscal year ending May 15, 2017. For the six months, the company expects net sales of ¥289,900 million, operating income of ¥18,900 million, ordinary income of ¥19,320 million and net income of ¥12,230 million or ¥22.9 per share.
For the year, the company expects net sales of ¥583,000 million, operating income of ¥37,100 million, ordinary income of ¥37,900 million and net income of ¥23,460 million or ¥21.4 per share.
Tsuruha Holdings Inc is a Japan-based company mainly engaged in the operation of product sale business centered on pharmaceuticals and cosmetics. The Company is engaged in the management of drug stores that sell pharmaceuticals, cosmetics, miscellaneous goods, the sale of pharmaceuticals, the sale of pharmaceuticals based on pharmacy and store sales business in Kanto area, Hokkaido area, Kanto Koshinetsu, Tohoku area, Chugoku, Kyushu area, Shizuoka prefecture, Aichi prefecture, Hiroshima prefecture, the management of drug store management subsidiary, product procurement and logistics planning, business negotiations, procurement operation business, the planning, development and sale promotion of private brand products, the mail order business for the products handled by telephone and Internet, the insurance agency business and management guidance management, real estate leasing business, as well as the rental of vending machines and sale of beverages.
Tsuruha Holdings Inc. Reports Consolidated Earnings Results for the First Quarter Ended August 15, 2016; Provides Consolidated Earnings Guidance for the Six Months and Full Year of the Fiscal Year Ending May 15, 2017